August Financial Trends Report Available Posted by Association of Vermont Credit Unions on 12:32 PM

CUNA Mutual Group has just released its August 2018 Credit Union Trends Report.  The report is a monthly "pulse check" on the state of the credit union marketplace, often placed in a historical context. It's published and distributed by Steven Rick, a director and chief economist of CUNA Mutual Group.

Highlights of the report include:

• Credit union loan balances rose 1.3% in June, faster than the 1.1% pace reported in June 2017. 
• Credit union savings balances grew 5.6% during the 12 months ending in June, slower than the 6.1% average annual growth rate recorded during the last 10 years due to the falling national savings rate. 
• As of June 2018, 5,714 credit unions were in operation, 8 fewer than May and 228 fewer than June 2017.

Download the latest trends report here.